Davidson Trust Co. Has $2.03 Million Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Davidson Trust Co. lifted its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 47.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,509 shares of the company's stock after buying an additional 4,322 shares during the quarter. PepsiCo makes up approximately 1.0% of Davidson Trust Co.'s investment portfolio, making the stock its 26th largest position. Davidson Trust Co.'s holdings in PepsiCo were worth $2,026,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in PEP. Onyx Bridge Wealth Group LLC increased its position in shares of PepsiCo by 7.2% during the 1st quarter. Onyx Bridge Wealth Group LLC now owns 2,456 shares of the company's stock worth $368,000 after purchasing an additional 165 shares during the last quarter. Checchi Capital Advisers LLC boosted its stake in shares of PepsiCo by 2.6% in the 1st quarter. Checchi Capital Advisers LLC now owns 14,001 shares of the company's stock valued at $2,099,000 after buying an additional 351 shares during the period. Values Added Financial LLC lifted its stake in PepsiCo by 5.9% during the first quarter. Values Added Financial LLC now owns 1,757 shares of the company's stock worth $263,000 after purchasing an additional 98 shares during the last quarter. North Capital Inc. purchased a new stake in PepsiCo in the first quarter valued at approximately $138,000. Finally, Barlow Wealth Partners Inc. raised its stake in shares of PepsiCo by 13.4% during the 1st quarter. Barlow Wealth Partners Inc. now owns 2,809 shares of the company's stock worth $421,000 after buying an additional 333 shares in the last quarter. 73.07% of the stock is owned by institutional investors and hedge funds.

PepsiCo Stock Down 0.7%

Shares of PepsiCo stock traded down $0.91 during midday trading on Friday, hitting $135.58. The company's stock had a trading volume of 4,941,378 shares, compared to its average volume of 7,048,532. The firm has a market capitalization of $185.88 billion, a P/E ratio of 19.94, a PEG ratio of 4.23 and a beta of 0.45. The stock has a 50-day simple moving average of $131.40 and a 200-day simple moving average of $142.26. The company has a quick ratio of 0.65, a current ratio of 0.83 and a debt-to-equity ratio of 2.13. PepsiCo, Inc. has a 1-year low of $127.60 and a 1-year high of $180.91.

PepsiCo (NASDAQ:PEP - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The company reported $1.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.49 by ($0.01). PepsiCo had a return on equity of 58.28% and a net margin of 10.24%. The firm had revenue of $17.92 billion for the quarter, compared to analysts' expectations of $17.81 billion. During the same quarter in the prior year, the business posted $1.61 earnings per share. PepsiCo's revenue was down 1.8% on a year-over-year basis. As a group, sell-side analysts expect that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 6th were given a dividend of $1.4225 per share. The ex-dividend date of this dividend was Friday, June 6th. This is an increase from PepsiCo's previous quarterly dividend of $1.36. This represents a $5.69 dividend on an annualized basis and a yield of 4.20%. PepsiCo's dividend payout ratio (DPR) is 83.68%.

Wall Street Analysts Forecast Growth

PEP has been the topic of a number of research analyst reports. Citigroup decreased their price target on PepsiCo from $170.00 to $160.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. Bank of America decreased their price objective on PepsiCo from $155.00 to $150.00 and set a "neutral" rating for the company in a research report on Friday, April 25th. Royal Bank Of Canada reaffirmed a "sector perform" rating and set a $148.00 price target on shares of PepsiCo in a research note on Tuesday, June 24th. Jefferies Financial Group downgraded PepsiCo from a "buy" rating to a "hold" rating and cut their price objective for the company from $171.00 to $170.00 in a research note on Wednesday, March 12th. Finally, Barclays dropped their target price on PepsiCo from $143.00 to $135.00 and set an "equal weight" rating for the company in a research report on Monday, April 28th. One research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $159.75.

PepsiCo Company Profile

PepsiCo, Inc engages in the manufacture, marketing, distribution, and sale of various beverages and convenient foods worldwide. The company operates through seven segments: Frito-Lay North America; Quaker Foods North America; PepsiCo Beverages North America; Latin America; Europe; Africa, Middle East and South Asia; and Asia Pacific, Australia and New Zealand and China Region.